This discussion will go over what constitutes and differentiates each business entity; sole proprietorship, partnership, corporation, and LLC. This allows you to understand its liabilities and taxes.

We will then discuss in detail the different licenses and permits needed to start a business in the City of Los Angeles and how to obtain them. Licenses and permits covered will include Business Tax Registration Certificate, seller’s permit, DBA Fictitious Business Name, StreetsLA permit, Employee Identification Number, Health Permit, and information on ITINs.

Next, presenters will provide information on two important topics for small businesses; COST-STRUCTURE, what it is and how to determine it for your business, and what CREDIT is, how to find out your credit score and how personal credit affects your business finances.

This training will introduce the basics of bookkeeping and best practices for small businesses. Taxes will also be covered comprehensively including to who and how to understand how much taxes are to be paid.

Attendees will be introduced to marketing for their small business including an in-depth focus on branding, social media, websites, and how they affect and produce sales.

Here we will focus on management and human resources for small businesses. Attendees will learn about the hiring process including where to look for prospective employees, interviewing, managing, and supervising employees and their records in addition to learning the difference between a W2 and 1099.

Next, you’ll gain knowledge and information on the process of access to capital. You will learn the basic requirements needed to prepare your small business for access to capital and all the steps in loan packaging.

Finally, the culmination of the Entrepreneur Training Program. This is where participants present their completed business plan and business sales pitch. This day also gives the opportunity to network with our city representatives that support our economic development programs.